Mark Zandi(@Markzandi):The Fed’s decision to hike interest rates this past week isn’t supported by the economy’s performance. But it may make sense if the move was intended to establish the Fed’s independence under the new chair. The President has said he wants the Fed to cut rates, yet the FOMC voted unanimously to raise them.

Mark Zandi

@Markzandi

Chief Economist @economics_ma. Host of Inside Economics podcast Co-founder of Views expressed here are my own.

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Mark Zandi@Markzandi

2026.09.21 14:04

The Fed’s decision to hike interest rates this past week isn’t supported by the economy’s performance. But it may make sense if the move was intended to establish the Fed’s independence under the new chair. The President has said he wants the Fed to cut rates, yet the FOMC voted unanimously to raise them.

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